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thank you very much. >> thanks. >>> to politics now. the coming fiscal cliff. there was a flurry of action this week. in the end, still no deal. the senate is on vacation until thursday. and republican house leaders have just said that they'll be back if needed. joining me now as they do every week, cnn contributor maria cardona and amy holmes, anchor of "real news" on "the blaze." good morning to you. >> good morning. >> maria, there are still a few days left, maria. can anything get done, what do you think? >> given that it's the holiday season and i think hope should spring eternal, especially this time of year -- >> oh, my. >> and i am an optimist. i hope that a deal can get done, randi. the other thing that i think should go into the equation as to whether a deal can get done even though it hasn't up to now is republicans need to remember who won this election. and republicans need to remember what the american people wanted and whose plan they supported. and that was president obama's plan to make sure to do this, deal with the fiscal cliff in a balanced
thank you very much. >> thanks. >>> to politics now. the coming fiscal cliff. there was a flurry of action this week. in the end, still no deal. the senate is on vacation until thursday. and republican house leaders have just said that they'll be back if needed. joining me now as they do every week, cnn contributor maria cardona and amy holmes, anchor of "real news" on "the blaze." good morning to you. >> good morning. >> maria, there are still a...
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Dec 22, 2012
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thank you. >> nice to see you. >>> ireporters have been weighing in on the fiscal cliff. one of them is telling lawmakers to get real. >> have no rules because they are not spending their own money. they keep spending it and spending money with no regards to ever getting the united states out of debt. you're spending our money like drunken sailors with no regard to the future of america. my message to president obama and each member of congress is very, very simple. quit spending the money that america does not have. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. >>> welcome back. we've been focusing this morning on the calls for gun control in the wake of the shooting in newtown, connecticut. president obama wants action
thank you. >> nice to see you. >>> ireporters have been weighing in on the fiscal cliff. one of them is telling lawmakers to get real. >> have no rules because they are not spending their own money. they keep spending it and spending money with no regards to ever getting the united states out of debt. you're spending our money like drunken sailors with no regard to the future of america. my message to president obama and each member of congress is very, very simple. quit...
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Dec 22, 2012
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and that's before we talk about the rest of the fiscal cliff implications. >> that's why we're paying such close attention to it. thank you very much for the update this morning. >>> it took a week, but the nra finally responded to the massacre in newtown, connecticut. they promised a, quote, meaningful contribution to stop similar attacks. protesters interrupted the statement twice. what's the plan for the nra? armed guards in schools. why? listen. >> politicians pass laws for gun-free school zones. they issue press releases bragging about them. they post signs advertising them. and in doing so, they tell every insane killer in america that schools are the safest place to inflict maximum mayhem with minimum risk. >> now, i want to show you some of the reactions to the nra's message. michael bloomberg has been critical of the president and congress for not tackling this subject earlier. so what did he say about the nra's plea? quote, a shameful evasion of the crisis facing our country. >>> connecticut congressman chris murphy represents newtown. and here's his tweet after that nra spe
and that's before we talk about the rest of the fiscal cliff implications. >> that's why we're paying such close attention to it. thank you very much for the update this morning. >>> it took a week, but the nra finally responded to the massacre in newtown, connecticut. they promised a, quote, meaningful contribution to stop similar attacks. protesters interrupted the statement twice. what's the plan for the nra? armed guards in schools. why? listen. >> politicians pass laws...
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kristen welker in hawaii, thank you for that. >>> joining me for more on the fiscal cliff negotiations is john yarmouth. welcome, thank you. glad to have you back on the show. >> thank you. >> president obama still thinks a deal can be reached, but speaker boehner had a pretty tough defeat when republicans balked at the plan to raise rates of those making over $1 million. where do you put the chances of a deal being reached before january? >> i don't think they are very high. the more likely scenario, rates will go up automatically on january 1st, and we discussed earlier on the program, that we'll meet early next year and cut taxes of 98% of american people, slightly more than that. but there is an outside chance, and one scenario in which the president and speaker boehner negotiate a deal, and it's a deal that most democrats can accept, instead of a majority of the republicans in the house, 40 or 50 of them vote with democrats to avert the fiscal cliff on the tax side, but that jeopardizes speaker boehner's job. he would be driving the bus over his most conservative members. >> if th
kristen welker in hawaii, thank you for that. >>> joining me for more on the fiscal cliff negotiations is john yarmouth. welcome, thank you. glad to have you back on the show. >> thank you. >> president obama still thinks a deal can be reached, but speaker boehner had a pretty tough defeat when republicans balked at the plan to raise rates of those making over $1 million. where do you put the chances of a deal being reached before january? >> i don't think they are...
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Dec 22, 2012
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it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays, and today president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season sales numbers have not been as stroongz many had hoped to see. here's michelle miller. >> reporter: kidding around isa a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5% but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shopper track, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they just cut it to 2.5%. >> the traffic growth h
it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays, and today president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season sales numbers have not been as stroongz many...
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Dec 22, 2012
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ten days until we got the fiscal cliff. president obama speakingmoments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the pone to speaker john boehner this afternoon. he also had mjority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the
ten days until we got the fiscal cliff. president obama speakingmoments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington...
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Dec 22, 2012
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people are nervous about the fiscal cliff. you say we will trade at. >>'ve seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seensome nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong for the end of the year. we want to see nice numbers, and gerri: you guys do nothing and fundamentals anymore. it's amazing to me. >> you're right, and that is part of the problem with the street, but those two are bottom-up fundamental analysts, we really like the guidance that we saw that came out of it. many of these industrial multi complex companies that are very importaat indicators. gerri: like it when you talk but companies like those, because those are real companies. illinois tool works, fundamental company manufacturing, doing all the right stuff. i want to get
people are nervous about the fiscal cliff. you say we will trade at. >>'ve seen the financial stocks, which are a very important indicator of the market. they have been very strong, and living today. we have seensome nice follow-through from companies like goldman that finally have been able to get above key technical levels. also there is no recall when addressing. the window dressing is the group , loss on wall street among the money managers say let's get that market really strong for...
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Dec 22, 2012
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will sit down with george stephanopoulos on "this week." >>> now to the wrangling over the fiscal cliff, sending shock waves across america's 401(k)s. take a look. the dow closed down more than 120 points, with the deadline just 11 days away and lawmakers heading home for the holidays. shortly before we came on the air, the president came out swinging with a message for congress. abc's chief white house correspondent jonathan karl tells us where things stand tonight. >> reporter: in the halls of congress tonight, not a creature is stirring. no deal is in sight. with a deadline looming and seemingly no hope anywhere, the president made one last appeal tonight before washington goes on vacation. >> as we leave town for a few days to be with our families for the holidays, everybody can cool off. everybody can drink some eggnog. now is not the time for more self-inflicted wounds. certainly not those coming from washington. >> reporter: but the two sides don't even seem to be trying anymore. what are we going to do now? >> i'm interested in solving the major problems that face our country. t
will sit down with george stephanopoulos on "this week." >>> now to the wrangling over the fiscal cliff, sending shock waves across america's 401(k)s. take a look. the dow closed down more than 120 points, with the deadline just 11 days away and lawmakers heading home for the holidays. shortly before we came on the air, the president came out swinging with a message for congress. abc's chief white house correspondent jonathan karl tells us where things stand tonight. >>...
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out west, thanks for starting your day with us. victor blackwell is on assignment. >>> we start with the big countdown, ten days left for the white house and congress to reach an agreement on the fiscal cliff where millions of americans will be paying the price in their paychecks. but congress is now on holiday recess. and president obama is in hawaii. let's go straight to cnn's emily schmidt in washington. good morning. so before he left the capitoal, he laid out this three-point plan to washington. >> before he left to hawaii, he left for a gift for lawmakers to ponder in washington. here are the three main points he's saying. he wants to make sure there's a law passed that ensures 98% of americans know their taxes are not going to go up in just under two weeks. he also wants to make sure that 2 million americans who would otherwise lose their unemployment benefits if we went over the fiscal cliff would be able to keep those benefits. and finally he says, look, we can take a look at the longer term proposals, the larger reform at
out west, thanks for starting your day with us. victor blackwell is on assignment. >>> we start with the big countdown, ten days left for the white house and congress to reach an agreement on the fiscal cliff where millions of americans will be paying the price in their paychecks. but congress is now on holiday recess. and president obama is in hawaii. let's go straight to cnn's emily schmidt in washington. good morning. so before he left the capitoal, he laid out this three-point plan...
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Dec 22, 2012
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the fiscal cliff. could these two men end up being the grinches that steal christmas? we'll talk live to republican congressmen about what's stopping the president and the house speaker from reaching a deal. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> we're just ten days away from the country going over the so-called fiscal cliff, automatic tax increases on nearly every american and huge spending cuts to defense and social programs are set to take effect the 1st of january unless the president and congress reach a new budget deal. but most lawmakers have deserted the capital to be home for christmas leaving america teetering on the brink. one of those enjoying christmas back if california is republican congressman tom mcclintock joining us from sacramento, california. you are a tea partier. you
the fiscal cliff. could these two men end up being the grinches that steal christmas? we'll talk live to republican congressmen about what's stopping the president and the house speaker from reaching a deal. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> we're just ten days away...
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thank you so much for your time. >> thank you. >>> here's one take on the fiscal cliff. john boehner's animal house. we are bogey to talk to "the washington post" writer who says in boehner's house the animals are rampaging. what's that mean? we will have an answer for you in the next half hour. >>> nasty weather is lingering just before christmas. aaa predicts 93 million of us will be traveling long distances over the holidays. that includes those that are flying. with a hello to you. how is it looking out there? not too bad in terms of traffic behind you. >> that's exactly right. good afternoon. it isn't too bad. here chilly but sunny and no problems to report in atlanta. most major airports throughout the country are run okay. one exception may be san francisco. bus there were rain delays there earlier today. but -- traffic slowing down a few of the other airports. according to flight aware.com so far only about 70 nights cancelled in the u.s. so far today. that's a big difference from thursday and provide when that storm blew through the plains and midwest and the no
thank you so much for your time. >> thank you. >>> here's one take on the fiscal cliff. john boehner's animal house. we are bogey to talk to "the washington post" writer who says in boehner's house the animals are rampaging. what's that mean? we will have an answer for you in the next half hour. >>> nasty weather is lingering just before christmas. aaa predicts 93 million of us will be traveling long distances over the holidays. that includes those that are...
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thanks. >>> for more on what going over the so-called fiscal cliff could mean for you and your family come the new year we want to bring in the "today" show financial editor. a lot of focus has been on the expiring bush era tax cuts. let's talk about the amount of money that comes out of your weekly or monthly paycheck. how will that change? >> reporter: the other thing that is expiring is the payroll tax holiday. that is very likely to go whether or not we get a deal. for americans who earn about $30,000 a year, that's going to mean a cut of $50 a month, $500 over the course of the year in their pay checks. for those who earn closer to $50,000 we're looking at a thousand dollars over the year and if you earn closer to $100,000 it's $2,000 throughout the year. >> let's talk about those expiring tax cuts. if congress doesn't act, how much of a bite is that going to take from the average american? >> well, as the man said in the piece, on average it is going to take about a $3500 bite for the average american. but it is going to take more from upper earners so if you earn more than a mi
thanks. >>> for more on what going over the so-called fiscal cliff could mean for you and your family come the new year we want to bring in the "today" show financial editor. a lot of focus has been on the expiring bush era tax cuts. let's talk about the amount of money that comes out of your weekly or monthly paycheck. how will that change? >> reporter: the other thing that is expiring is the payroll tax holiday. that is very likely to go whether or not we get a deal....
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the plan b to avoid a fiscal crisis an abandoned. is there a plan c or are we headed off the cliff? our panel weighs in when we come back. juice or fancy wate. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. that's the cold truth! [ breathes deeply ] awesome. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now throug
the plan b to avoid a fiscal crisis an abandoned. is there a plan c or are we headed off the cliff? our panel weighs in when we come back. juice or fancy wate. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst...
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cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as congress doesn't trip us up, we are on the way to an economic renaissance in this country. i'll explain. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> we are on the road to an economic renaissance. think about the united states economy like a runner along this road. full economic recovery and prosperity is the destination. the economy right now warming up with a nice jog, getting ready to break into a full sprint. gross domestic product, the broadest measure for the economy, grew by an annual rate of 3.1% over the summer. that's more than double the rate of the previous quarter. spending by americans was the single biggest factor in that growth. and more americans are sp
cliff. >> from your lips to god's ears, mohamed, thanks very much. coming up, as long as congress doesn't trip us up, we are on the way to an economic renaissance in this country. i'll explain. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate...
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i do believe we need to go over the fiscal cliff to. coming up and having to do a deal at the end of every year is getting old because everybody is rush. what we need to do is it that, let us go over the fiscal cliff, put a temporary hold on everything and let these guys see if they can work out a deal. so far, they have not been able to do it for the last four years. i do believe we need to say -- stay at 18%-20% gdp. as far as cuts, we have really never got in because we were supposed to. that is just like the sequestered. that was passed in 2011. they are still working on the cuts. most of the cuts are based on the increase is built into the baseline. when we do cuts, we need to go back to a zero baseline. host: we will leave it there. stephen dinan. guest: your callers are incredibly a form of this. host: we have a sharp plunge out there. -- bunch out there. guest: president, says his plan will produce x billions of dollars more than boehner's plan. both of them are talking about increased deficits over the baseline. they are talkin
i do believe we need to go over the fiscal cliff to. coming up and having to do a deal at the end of every year is getting old because everybody is rush. what we need to do is it that, let us go over the fiscal cliff, put a temporary hold on everything and let these guys see if they can work out a deal. so far, they have not been able to do it for the last four years. i do believe we need to say -- stay at 18%-20% gdp. as far as cuts, we have really never got in because we were supposed to....
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goes over the fiscal cliff, how are america's business leaders going to react? and if they could force the politicians into a deal, what would it include? >>> and later, some legal advice on how previous supreme court decisions might impact new gun laws now under consideration. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> one thing business owners hate more than just about anything is uncertainty. and if politicians in washington have done anything, it's create the ultimate climate of uncertainty regarding the fiscal cliff. todd mccracken is president of the national small business association. he joins me from washington, d.c. todd, if no deal is reached by the end of the year, a lot of people predict spending will slow down. how will business owners react? >> well, i think they're going to react i
goes over the fiscal cliff, how are america's business leaders going to react? and if they could force the politicians into a deal, what would it include? >>> and later, some legal advice on how previous supreme court decisions might impact new gun laws now under consideration. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ]...
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Dec 22, 2012
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and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.
and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.
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we will ask what's the deal with the fiscal cliff? coming up, "weekends with alex witt."
we will ask what's the deal with the fiscal cliff? coming up, "weekends with alex witt."
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thank you. >> hopefully. >> thank you. >> some democrats actually want to go over the fiscal cliff. one of them this guy. >> and then we're going to washington, d.c. to take back the white house! yay! >> howard dean's controversial proposal when we come back. >> that wasn't it. then, a u.p.s. driver does his last minute christmas shopping on a customer's front porch. >> that's a great place to do it. >> it is handy. >> why didn't we think of that. >> we have got this video he to show you. >> the myans were wrong. the doomsday believers are wrong. these people are mortified. how do you cheer these people up you can't say bob, it's not the end of the world. [ laughter ] >> that didn't happen. >> that was supposed to end yesterday, right? >> yeah. >> here we are. >> good thing we are here. >> wow! >> wake up. the world did not end. >> how many children will be born in nine months. >> storm babies. hey, we had a hurricane irene baby. is that tmi? at least we're not live on television right now. welcome back to "fox & friends" this morning. >> let's talk about the fiscal cliff. of course
thank you. >> hopefully. >> thank you. >> some democrats actually want to go over the fiscal cliff. one of them this guy. >> and then we're going to washington, d.c. to take back the white house! yay! >> howard dean's controversial proposal when we come back. >> that wasn't it. then, a u.p.s. driver does his last minute christmas shopping on a customer's front porch. >> that's a great place to do it. >> it is handy. >> why didn't we think of...